Chelating Resin Market- Overview:

Chelating resins refer to a special type of ion exchange resin which exhibits the properties of high selectivity and high bonding strength over other types of resins. The global chelating resin market is expected to grow significantly and reach a substantial market valuation over the forecast period of 2018-2023, asserts Market Research Future (MRFR) in an in-depth study.

Chelating resins are primarily used in water treatment which is a key factor in enhancing the growth of the market. Chelating resins are capable of selectively absorbing desired substances from water and are ideally suited for application in water treatment plants. Urbanization has raised the demand for usable water, thus, increasing water treatment activities. Increasing concerns regarding the safety and purity of water have spurred the demand for chelating resins consequently boosting the global chelating resins market.

The mining and metallurgy industry is a major end-user of chelating resin market where they are utilized on account of their high selectivity and bonding strength. Additionally, chelating resins experience high demand from the construction, chemical and automotive industry which is likely to stimulate the growth of the market. Expansion of the construction and automotive industries, especially in the emerging economies due to a rise in disposable income, industrialization, and urbanization has further induced growth within the global chelating resin market.

Substantial investment in R&D activities by key players in recent years has resulted in the development of improved chelating resins with superior characteristics which further augments the growth of the market. On the other hand, market growth might be hindered by the development of other alternative technologies such as dual mechanism bifunctional polymers (DMBPs). Besides, regulations pertaining to indiscriminate mining are also expected to affect the growth of the market negatively.

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Competitive Landscape

The notable players in the global chelating resin market include SERVA Electrophoresis GmbH (Germany), Thermax Global (India), Sunresin New Materials Co. Ltd. Xian (China), Ajinomoto Fine-Techno Co., Inc. (Japan), Purolite (U.S.), Zibo Dongda Chemical Industry Co., Ltd. (China), Suqing Group (China), Ningbo Zhengguang Resin Co., Ltd (China), Merck KGaA (Germany), Bio-Rad Laboratories, Inc. (U.S.), Mitsubishi Chemical Corporation (Japan), Thermo Fisher Scientific (India), Samco Technologies, Inc. (U.S.), DowDuPont, Inc. (U.S.), and LANXESS (Germany).

Industry Updates

In October 2018, LANXESS Liquid Purification Technologies, a leading supplier of products for treating water and other liquid media, presented their new chelating resin at the FlemionTM Seminar held in Amsterdam. The new class of ion exchange resins will enhance the efficiency of brine treatment in chlor-alkali electrolysis.

Segmentation

The global chelating resin market has been segmented based on functional group and application.

By the basis of the functional group, the global chelating resins market has been segmented into polyamine, glucamine, iminodiacetate, amino phosphate acid, sulphydryl, thiourea, aminomethyl phosphoric, fluoride selective, and others.

By application, the global chelating resins market has been segmented into water treatment, mining & metallurgy, pharmaceuticals, food & beverages, and others.

Regional Analysis

By region, the Global Chelating Resin Market has been segmented into North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

APAC dominated the global chelating resin market in 2017 and is expected to retain its dominance over the forecast period. Significant demand from the mining and the water treatment industry drives the growth of the market. Large-scale industrialization generates massive volumes of waste water which raises the demand for chelating resins for waste water treatment.

The MEA market follows APAC closely and is the second largest market for chelating resin. The mining industry in Africa generates considerable demand for chelating resins.

The expanding mining industry in Latin America is expected to provide growth opportunities to the chelating resin market. Meanwhile, the North America market is being driven by the mining industry of Canada.

Europe market is spurred by ongoing R&D activities.